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Hargreaves Lansdown plc (HL.) Ordinary 0.4p

Sell:1,088.50p Buy:1,089.50p 0 Change: No change
FTSE 100:1.38%
Market closed |  Prices as at close on 22 November 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Bid situation | Scheme of Arrangement

Hargreaves Lansdown plc Ordinary 0.4p

Type:
Scheme of Arrangement
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 22 Oct 2024)

Harp Bidco Limited has made an offer to acquire Hargreaves Lansdown plc for £11.40 per share, comprising:

 

(a) £11.10 in cash at completion of the proposed acquisition; and
(b) For shareholders as of the end of 2 October, the right to receive the full-year dividend of 30p per share, expected to be paid on 1 November 2024.

 

If the takeover completes and you take no action (and you do not sell your shares in the meantime), you will automatically receive the £11.10 per share cash payment shortly following completion, expected in the first quarter of 2025.

 

Alternative unlisted share offer

 

As an alternative to the £11.10 cash consideration, you can elect for unlisted rollover loan notes in respect of some or all of your shares which, subject to implementation of certain rollover steps, will ultimately be exchanged for unlisted rollover shares. This alternative is referred to as the ‘Alternative Offer’. Details of the Alternative Offer, including the rights attaching to the unlisted rollover shares, are set out in the Scheme Document. An election for the Alternative Offer will not impact shareholders’ eligibility in relation to the full-year dividend.

 

The independent Hargreaves Lansdown plc directors have recommended the cash offer of £11.40 per share but have not made any recommendation in relation to the Alternative Offer.

 

If you are interested in electing for the Alternative Offer, it is important that any decision is based on independent financial, tax and legal advice and full consideration of the Scheme Document (together with the related documents referred to therein). This includes the summary of the unlisted rollover securities set out in Part IV of the Scheme Document and the estimate of value of the unlisted rollover securities provided by Goldman Sachs, in its capacity as financial adviser to Harp Bidco Limited, and related assumptions, qualifications and caveats set out in Part X of the Scheme Document. You are strongly encouraged to pay attention to the disadvantages and advantages of the Alternative Offer set out in paragraph 14 of Part I of the Scheme Document and the risk factors and other investment considerations set out in paragraph 4 of Part II of the Scheme Document.

 

Shareholders should note that, due to certain restrictions on elections set out in the Scheme Document, there can be no certainty as to the number of unlisted rollover securities that they would receive. Further details on these restrictions are set out in the Scheme Document and should be considered in full before any election is made.

 

The rollover shares will not be a qualifying ISA investment. Any such shares received in an ISA would therefore need to be removed within 30 days.

 

How to elect for the Alternative unlisted share offer

 

If you would like to receive the cash consideration of £11.10 per share, you do not need to take any action and do not need to follow the steps below.

 

If you would like to elect to receive the unlisted share alternative instead of the cash, please follow the steps below:

 

1. Read the full terms, conditions and risk factors associated with the unlisted share offer in the Scheme Document which is available at https://www.hl.co.uk/investor-relations/offer. 

 

2. Give an election below confirming the number of HL shares that you wish to swap for the unlisted shares. In the ‘further details’ box below please supply your passport number, city of birth and occupation which is needed to complete the KYC data required.

 

By giving an election for the unlisted shares below you agree to the following:

 

 That you have read and understood full terms, conditions and risk factors associated with the unlisted share offer set out in the Scheme Document and that any decision is based on that information and not the very high-level summary provided here.


 That you authorise Hargreaves Lansdown to pass certain ‘know your client’ (KYC) data onto the offeror and their advisers, including your: name, address, date and place of birth, email address, phone number, occupation and passport / national identity number.


 That you agree to the offeror’s agent (TMF Group) GDPR terms and conditions which are provided in the KYC form which is available at https://www.hl.co.uk/investor-relations/offer.  

 

This is not personal advice and is a very high-level summary only. You are strongly recommended to seek your own independent financial, tax and legal advice before deciding whether to elect for the Alternative Offer.

 

Details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the Scheme Document and not on the summary information outlined above.

×
Sell:1,088.50p
Buy:1,089.50p
Change: No change
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
Deal now
Market closed |  Prices as at close on 22 November 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Bid situation | Scheme of Arrangement

Hargreaves Lansdown plc Ordinary 0.4p

Type:
Scheme of Arrangement
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 22 Oct 2024)

Harp Bidco Limited has made an offer to acquire Hargreaves Lansdown plc for £11.40 per share, comprising:

 

(a) £11.10 in cash at completion of the proposed acquisition; and
(b) For shareholders as of the end of 2 October, the right to receive the full-year dividend of 30p per share, expected to be paid on 1 November 2024.

 

If the takeover completes and you take no action (and you do not sell your shares in the meantime), you will automatically receive the £11.10 per share cash payment shortly following completion, expected in the first quarter of 2025.

 

Alternative unlisted share offer

 

As an alternative to the £11.10 cash consideration, you can elect for unlisted rollover loan notes in respect of some or all of your shares which, subject to implementation of certain rollover steps, will ultimately be exchanged for unlisted rollover shares. This alternative is referred to as the ‘Alternative Offer’. Details of the Alternative Offer, including the rights attaching to the unlisted rollover shares, are set out in the Scheme Document. An election for the Alternative Offer will not impact shareholders’ eligibility in relation to the full-year dividend.

 

The independent Hargreaves Lansdown plc directors have recommended the cash offer of £11.40 per share but have not made any recommendation in relation to the Alternative Offer.

 

If you are interested in electing for the Alternative Offer, it is important that any decision is based on independent financial, tax and legal advice and full consideration of the Scheme Document (together with the related documents referred to therein). This includes the summary of the unlisted rollover securities set out in Part IV of the Scheme Document and the estimate of value of the unlisted rollover securities provided by Goldman Sachs, in its capacity as financial adviser to Harp Bidco Limited, and related assumptions, qualifications and caveats set out in Part X of the Scheme Document. You are strongly encouraged to pay attention to the disadvantages and advantages of the Alternative Offer set out in paragraph 14 of Part I of the Scheme Document and the risk factors and other investment considerations set out in paragraph 4 of Part II of the Scheme Document.

 

Shareholders should note that, due to certain restrictions on elections set out in the Scheme Document, there can be no certainty as to the number of unlisted rollover securities that they would receive. Further details on these restrictions are set out in the Scheme Document and should be considered in full before any election is made.

 

The rollover shares will not be a qualifying ISA investment. Any such shares received in an ISA would therefore need to be removed within 30 days.

 

How to elect for the Alternative unlisted share offer

 

If you would like to receive the cash consideration of £11.10 per share, you do not need to take any action and do not need to follow the steps below.

 

If you would like to elect to receive the unlisted share alternative instead of the cash, please follow the steps below:

 

1. Read the full terms, conditions and risk factors associated with the unlisted share offer in the Scheme Document which is available at https://www.hl.co.uk/investor-relations/offer. 

 

2. Give an election below confirming the number of HL shares that you wish to swap for the unlisted shares. In the ‘further details’ box below please supply your passport number, city of birth and occupation which is needed to complete the KYC data required.

 

By giving an election for the unlisted shares below you agree to the following:

 

 That you have read and understood full terms, conditions and risk factors associated with the unlisted share offer set out in the Scheme Document and that any decision is based on that information and not the very high-level summary provided here.


 That you authorise Hargreaves Lansdown to pass certain ‘know your client’ (KYC) data onto the offeror and their advisers, including your: name, address, date and place of birth, email address, phone number, occupation and passport / national identity number.


 That you agree to the offeror’s agent (TMF Group) GDPR terms and conditions which are provided in the KYC form which is available at https://www.hl.co.uk/investor-relations/offer.  

 

This is not personal advice and is a very high-level summary only. You are strongly recommended to seek your own independent financial, tax and legal advice before deciding whether to elect for the Alternative Offer.

 

Details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the Scheme Document and not on the summary information outlined above.

×
Sell:1,088.50p
Buy:1,089.50p
Change: No change
Market closed |  Prices as at close on 22 November 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Bid situation | Scheme of Arrangement

Hargreaves Lansdown plc Ordinary 0.4p

Type:
Scheme of Arrangement
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 22 Oct 2024)

Harp Bidco Limited has made an offer to acquire Hargreaves Lansdown plc for £11.40 per share, comprising:

 

(a) £11.10 in cash at completion of the proposed acquisition; and
(b) For shareholders as of the end of 2 October, the right to receive the full-year dividend of 30p per share, expected to be paid on 1 November 2024.

 

If the takeover completes and you take no action (and you do not sell your shares in the meantime), you will automatically receive the £11.10 per share cash payment shortly following completion, expected in the first quarter of 2025.

 

Alternative unlisted share offer

 

As an alternative to the £11.10 cash consideration, you can elect for unlisted rollover loan notes in respect of some or all of your shares which, subject to implementation of certain rollover steps, will ultimately be exchanged for unlisted rollover shares. This alternative is referred to as the ‘Alternative Offer’. Details of the Alternative Offer, including the rights attaching to the unlisted rollover shares, are set out in the Scheme Document. An election for the Alternative Offer will not impact shareholders’ eligibility in relation to the full-year dividend.

 

The independent Hargreaves Lansdown plc directors have recommended the cash offer of £11.40 per share but have not made any recommendation in relation to the Alternative Offer.

 

If you are interested in electing for the Alternative Offer, it is important that any decision is based on independent financial, tax and legal advice and full consideration of the Scheme Document (together with the related documents referred to therein). This includes the summary of the unlisted rollover securities set out in Part IV of the Scheme Document and the estimate of value of the unlisted rollover securities provided by Goldman Sachs, in its capacity as financial adviser to Harp Bidco Limited, and related assumptions, qualifications and caveats set out in Part X of the Scheme Document. You are strongly encouraged to pay attention to the disadvantages and advantages of the Alternative Offer set out in paragraph 14 of Part I of the Scheme Document and the risk factors and other investment considerations set out in paragraph 4 of Part II of the Scheme Document.

 

Shareholders should note that, due to certain restrictions on elections set out in the Scheme Document, there can be no certainty as to the number of unlisted rollover securities that they would receive. Further details on these restrictions are set out in the Scheme Document and should be considered in full before any election is made.

 

The rollover shares will not be a qualifying ISA investment. Any such shares received in an ISA would therefore need to be removed within 30 days.

 

How to elect for the Alternative unlisted share offer

 

If you would like to receive the cash consideration of £11.10 per share, you do not need to take any action and do not need to follow the steps below.

 

If you would like to elect to receive the unlisted share alternative instead of the cash, please follow the steps below:

 

1. Read the full terms, conditions and risk factors associated with the unlisted share offer in the Scheme Document which is available at https://www.hl.co.uk/investor-relations/offer. 

 

2. Give an election below confirming the number of HL shares that you wish to swap for the unlisted shares. In the ‘further details’ box below please supply your passport number, city of birth and occupation which is needed to complete the KYC data required.

 

By giving an election for the unlisted shares below you agree to the following:

 

 That you have read and understood full terms, conditions and risk factors associated with the unlisted share offer set out in the Scheme Document and that any decision is based on that information and not the very high-level summary provided here.


 That you authorise Hargreaves Lansdown to pass certain ‘know your client’ (KYC) data onto the offeror and their advisers, including your: name, address, date and place of birth, email address, phone number, occupation and passport / national identity number.


 That you agree to the offeror’s agent (TMF Group) GDPR terms and conditions which are provided in the KYC form which is available at https://www.hl.co.uk/investor-relations/offer.  

 

This is not personal advice and is a very high-level summary only. You are strongly recommended to seek your own independent financial, tax and legal advice before deciding whether to elect for the Alternative Offer.

 

Details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the Scheme Document and not on the summary information outlined above.

×
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The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Year ending: 30/06/2024 30/06/2023 30/06/2022 30/06/2021 30/06/2020
Dividend payments  
Final: 30.00p 28.80p 27.44p 26.60p 26.30p
Interim: 13.20p 12.70p 12.26p 11.90p 11.20p
Special: - - - 12.00p 17.40p
Total dividend for year: 43.20p 41.50p 39.70p 50.50p 54.90p
Dividend metrics  
Dividend growth: 4.10% 4.53% 3.12% 2.67% 11.28%
Dividend yield: 3.80% 5.10% 5.00% 2.40% 2.30%
Dividend cover: 1.64 1.79 1.15 1.63 1.54

All dividend metrics data is calculated excluding any special dividends. Historical dividends may be adjusted to reflect any subsequent rights issues and corporate actions.

Future dividend dates can be found in company information when announced by Hargreaves Lansdown plc.

Financial year end Type Amount Ex-dividend date Payment date
30/06/2024 Total 43.20p  
  Final 30.00p 03/10/2024 01/11/2024
  Interim 13.20p 29/02/2024 28/03/2024
  Special n/a n/a n/a
30/06/2023 Total 41.50p  
  Final 28.80p 16/11/2023 15/12/2023
  Interim 12.70p 02/03/2023 31/03/2023
  Special n/a n/a n/a
30/06/2022 Total 39.70p  
  Final 27.44p 22/09/2022 24/10/2022
  Interim 12.26p 03/03/2022 01/04/2022
  Special n/a n/a n/a
30/06/2021 Total 50.50p  
  Final 26.60p 23/09/2021 20/10/2021
  Interim 11.90p 11/02/2021 08/03/2021
  Special 12.00p 23/09/2021 20/10/2021
30/06/2020 Total 54.90p  
  Final 26.30p 24/09/2020 16/10/2020
  Interim 11.20p 13/02/2020 09/03/2020
  Special 17.40p 24/09/2020 16/10/2020

Historical dividends may be adjusted to reflect any subsequent rights issues and corporate actions.

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Past dividends do not offer any guarantee of future dividends. Dividends are likely to vary year on year depending on company performance and could increase, decrease or stop altogether. Dividend data provided by Digital Look.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.